Fiber Optic Sensing Association
- Assets
- $171.0k
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-1438693
Organization Overview
Fiber Optic Sensing Association is located in Mclean, VA. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiber Optic Sensing Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Fiber Optic Sensing Association generated $210.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $221.2k during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION - FOSA HOSTS REGULAR WEBINARS FOR MEMBERS AND NON-MEMBERS FOR THE PURPOSE OF EDUCATING THE PUBLIC ABOUT FIBER OPTIC SENSING TECHNOLOGY AND ITS NUMEROUS USES AND BENEFITS. FOSA ALSO PUBLISHES INDUSTRY NEWS ON ITS WEBSITE. MEMBER ENGAGEMENT - FOSA HOLDS A MONTHLY CALL FOR ALL MEMBERS AND SEPARATE PERIODIC CALLS FOR FOSA COMMITTEES (E.G., TECHNOLOGY) TO DISCUSS FOSA INITIATIVES AND ENCOURAGE MEMBER ENGAGEMENT TO FURTHER FOSA'S MISSION. ADVOCACY - FOSA ASSISTS MEMBERS TO ENGAGE WITH LAWMAKERS AND POLICYMAKERS TO PROMOTE POLICIES THAT ARE FAVORABLE TO FIBER OPTIC SENSING TECHNOLOGY AND EXPANDING ITS AVAILABILITY AND USE IN BOTH THE PUBLIC AND PRIVATE SECTORS. FOSA HAS SPONSORED TWO "HILL DAY" EVENTS DURING WHICH MEMBERS TRAVELED TO WASHINGTON, D.C. FOR MEETINGS WITH THEIR CONGRESSIONAL REPRESENTATIVES TO DISCUSS ISSUES OF IMPORTANCE TO ENTITIES THAT HAVE DEPLOYED OR WISH TO DEPLOY FIBER OPTIC SENSING TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE FIBER OPTIC SENSING ASSOCIATION, ALSO KNOWN AS FOSA, HOSTS REGULAR WEBINARS FOR MEMBERS AND NON-MEMBERS FOR THE PURPOSE OF EDUCATING THE PUBLIC ABOUT FIBER OPTIC SENSING TECHNOLOGY AND ITS NUMEROUS USES AND BENEFITS. FOSA ALSO PUBLISHES INDUSTRY NEWS ON ITS WEBSITE.
MEMBER ENGAGEMENT - FOSA HOLDS A MONTHLY CALL FOR ALL MEMBERS AND SEPARATE PERIODIC CALLS FOR FOSA COMMITTEES (E.G., TECHNOLOGY) TO DISCUSS FOSA INITIATIVES AND ENCOURAGE MEMBER ENGAGEMENT TO FURTHER FOSA'S MISSION.
ADVOCACY - FOSA ASSISTS MEMBERS TO ENGAGE WITH LAWMAKERS AND POLICYMAKERS TO PROMOTE POLICIES THAT ARE FAVORABLE TO FIBER OPTIC SENSING TECHNOLOGY AND EXPANDING ITS AVAILABILITY AND USE IN BOTH THE PUBLIC AND PRIVATE SECTORS. FOSA HAS SPONSORED TWO "HILL DAY" EVENTS DURING WHICH MEMBERS TRAVELED TO WASHINGTON, D.C. FOR MEETINGS WITH THEIR CONGRESSIONAL REPRESENTATIVES TO DISCUSS ISSUES OF IMPORTANCE TO ENTITIES THAT HAVE DEPLOYED OR WISH TO DEPLOY FIBER OPTIC SENSING TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Dickinson Chairman | OfficerTrustee | 5 | $0 |
Paul Baird Vice Chairma | OfficerTrustee | 5 | $0 |
Steven Koles Treasurer | OfficerTrustee | 5 | $0 |
Gayla Arrindell Treasurer | OfficerTrustee | 5 | $0 |
Dave Cunningham Director | Trustee | 5 | $0 |
Heather Dunn Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $210,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,928 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,650 |
| Fees for services: Lobbying | $54,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,063 |
| Advertising and promotion | $305 |
| Office expenses | $2,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,045 |
| All other expenses | $0 |
| Total functional expenses | $221,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,969 |
| Total assets | $170,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $104,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $104,500 |
| Net assets without donor restrictions | $66,469 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $170,969 |